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Thats a very hard decision to make, grats no your gains and keep playin'...your ability to stick to your plan is a major strong point in the market game.
That was cute...thanks for the comic smile.
I am very happy with a 4.70 close.
I honestly was hoping we did not push over $5.00, Iprefer these mini steps up, rather than a sudden spike and then free fall crash. Support and confidence need time to materialize, then the next leg will come and we won;t have to worry about selling prematurely or being shaken out. This is the much better route imho.
Good luck everyone what ever you decide to do.
By privatize do you mean be taken off the stock exchange?
If that is what you mean I thnk that is highly unlikely, like really not likely at all.
If you mean becom a private company traded on the stock market, it already is.
If you mean lose the support of the government backstop which would be replaced by anothr method such as insuranc or capital funds...nothing should happen to the common shares, except that they would go up in value.
Also your shares would only be worht nothing if they went to zero.
Whatever happens to the company yuor shares have to be compensated for.
Why did you ask this question, just curious.
I looked at that CRF you mentioned, pretty sweet deal if you can get 50- 100k in it. Nice monthly stipend. I added it to my retirement watch list. Thanks for mentioning it though it is way off topic.
Thats a pretty rude question lol
Wouldn't FNMA need to "apply" for uplisting to NYSE?
They can't just say ok uplist us...now.
I am guessing any request to uplist would become public knowlege rather fast...so I woudn;t wait for the oh we are NYSE...I would wait for oh they requsted to be uplisted. That is when the fun will begin.
If I am right of course that they must request to be uplisted which would mean there is a verification process, paper work etc. Not gonna happen in a snap.
You and me both.
Becaus the stock market runs on investor sentiment and expected future value....in scenario 3 if you blink you will miss $18.00.
If you are correct and pps could be $90.00...there will be no one to three year wait...just my opinion.
whew, I hate the gaps.
Analysts targets aren't worth the 1's and 0's they presented with.
Good:
He only asked for legislation to prevent the citizens from footing the bill in a housing crisis.
He did not even call out FnF by name, nor did he specify any criteria for the legislation...which leaves plenty of room to amend the current charter to allow private investors to buy out 70% of FnF's current holdings in the mortgage market over ...any period of time (5, 10, 20 years...) and effectively reduce there share to 30% with cash on hand to be their own back stop...
Imho...FnF could hold a similar requirement like a casino...cash on hand. Or insurance, or...
Wow, I can't watch anymore.
Wow, sorry for the triple post of that article...Ihub was a acting up and erroring out, I thought the post didn't go through. Then I got a message that I was posting to fast, and to try decaf...too funny.
Interesting article here on the nations debt (most importantly the very positive statement about F&F):
http://finance.yahoo.com/news/federal-government-runs-december-surplus-190135989.html
Interesting article here on the nations debt (most importantly the very positive statement about F&F):
http://finance.yahoo.com/news/federal-government-runs-december-surplus-190135989.html
Interesting article here on the nations debt (most importantly the very positive statement about F&F):
http://finance.yahoo.com/news/federal-government-runs-december-surplus-190135989.html
Wow, gettin' pretty uppity there aren't ya?
Maybe he/she wasn't reading the board when that issue was adressed.
People should take care not to alienate people and be discourteous to them, especially out of arrogance or some sense of being popular and not needing to maintain social decorum and etiquette.
Shame on you.
If FNMA uplists to NYSE, even while in c-ship, wouldn't that be a win/win for the government and traders? Just asking because I can't see why Watt would want not seek uplisting even without a definitive plan for the GSEs.
No, you were obviously being crude and perverted and posting inappropriate content for this board.
Now you have the gaul to be disrespectful and tell her to "just relax lady"? The next lady you encounter should slap the *joke* right out of you.
The moment you realised your comment offended her you should have apologized. That is what a civilized decent man would do.
I just wanted to mention, $4.00 is not a carved in stone criteria for relisting. I believe FNMA meets the other criteria to relist without needing to trade at $4.00 or above?
Personally, I hope to fill the gap then troll around the 3.10 to 3.40 range for a short while... why? Build confidence that the 2's are behind us and the 4's are commin'. I favor a steady rise until release and uplist.
Happy with sideways above 2.70...much better than 2.40 :)
I read Demarco's comment on the summary report...it seems to me (off the cuff), one of the three goals of the "intent" of c-ship has not yet been met...that would be the full implementation of the CSP...to date there is no CEO, and it is not operational.
Also take note of the term "contract"...that is incredibly telling IMHO.
ref: (three goals)
??Build. Build a new infrastructure for the secondary mortgage market;
??Contract. Gradually contract the Enterprises’ dominant presence in the marketplace while simplifying and shrinking their operations;
??Maintain. Maintain foreclosure prevention activities and credit availability for new and refinanced mortgages.
He also used this language:
"As of September 30, 2013, the Enterprises’ cumulative draws under the Senior Preferred Stock Purchase agreements totaled $187.5 billion, and the Enterprises have paid $146.6
billion in cash dividends to Treasury."
So, perhaps the current lack of action on the market is reflective of the fact that c-ship is not ending until those goals are met, if I were a betting man, I would bet those folks who talked about the end of c-ship before Janurary were wrong. Hype and wishful thinking.
Just a thougt...even with "contraction"...both FNMA and FMCC own equally the CSP...that could help the stock value of both entities even after "contraction" :) So, we may still see FnF be very high value stocks.
Are you trying to say no body likes a braggart :)
Didn't see that comming so early today.
My hope personally is see us get above $3.00 today and hold there for a short while to build up support and then continue the move up.
I would be disappointed to see it dive again into the 2.60's...no big revelation there, I think everyone would feel the same (for me mostly because it would mean I missed another opportunity to flip and increase my shares...but I am just too leary to do that, unless the run to above 4.50 ish then I would get out and wait).
So rather than looking for the dollar gap I prefer no gap and a gentle push over $3.00 today, into 3.20 would be great as that would leave leg room next week to dip the .10 - .20 norm I talked about earlier and still keep us above $3.00.
GLTA
In America we pay taxes on everything...we even pay taxes on our tax returns as income. (But yes, based on a yearly summary)
For Traders Long stocks held more than one year (each share has itw own buy date so the year counter for each share depends on the bought date for that share) are taxed at around 15%...more or less depending on your income bracket, someone else posted earlier who seemed to have a better halnde on the taxes, my knowledge is admitedly limited. Stocks held under one year are taxed at nearly double the rate. So it can very risky to flip, day trade come tax time, especially if your stock does not consistently go up such as FNMA has over the year. For flippers and day traders and Longs, FNMA is a great playground...but if something happens before the end of the tax year and FNMA tanks...all those flippers and day traders will be screaming bloody murder I assure you.
When you "advise" that people should buy and sell often I hope you clue them in on the 30% tax hit.
I will give an example...
If you hold 10k shares and sell at 2.75 (pps avg. 1.50 for your shares)your take is 27,500. You gain is 12,500 - 3,750 (30% tax) which leaves you with 8,750. profit. Looks great.
Now you take your total 27500 - 3750 = 23750 and wait for the dip...if you are lucky you catch the bottom, which for FNMA the ups/downs have been about .10 .20 cents that could be a dependable prediction (with the exception of the run to 3.50)...so based on "normal" fluctuations you choose to buy back in at 2.65...
23750 (after tax)/2.65 = 8962 shares
So now there is a run to 3.00 and you think you might sell...
8962 * 3.00 = 26,886.
Your original shares had you not sold --- 10k * 3.00 = 30000
I have been in FNMA since the spring, the only "real" opporunity I saw to flip and realy make it worth the while was the run to 3.50 (my shares avg. is 1.52 ish)...then the shares, the tax, the profit and the reinvest would have increased my position enough to actually benefit even if we never hit 3.50 again. But these .10 and .20 dips are not worth it when you take in the tax liability. Just wanted to point that out again because there are people here on the board who obviously make their decisions based on the hype and "wisdom" of others rather than doing the math and assessing their own risk tolerance themselves.
I have to wonder how many people get burned on the taxes for trading because they flipped and flipped and then come the end of the year the share price didn't support the taxes they had to pay so they put in all that time and effort and lost money.
I would like to see the flippers here remind people of how they are swing or day trading from time to time. If they are sharing info to "help" other board members.
Me, I just keep holding, unfortunately I was on vacation and missed the run to 3.50, which I admit would have been a great sell for me and buy back at almost any price after the dip. For now, I find for myself if I just keep adding when I can afford to I am more comfortable albeit perhpas a little less rich in the end game should FNMA actually get into the teens or better.
Just an FYI, not being critical of anyone, just wanted to put this other side out there for people that maybe haven't thought about it. If my math is wrong or my perspective I welcome any one elses thoughts that might help the rest of us increase our positions and opportunity.
So now I am confused...
Is the chart setting for a big pop today (I assumed you meant at open, but that clearly didn;t happen so maybe you see something ni the chart for the afternoon rally?) or are the doji's showing no definitive direction?
There has been a lot of judicial support for FnF this past year.
As the governments case unfolds I am certain those will come back into the limelight collectively and show that reform (improvement) is needed, as is the case with ANY company...something can always be improved upon and not need to be thrown away.
I also think from a layman's perspective, when FnF first came into being it was with the understanding that the good faith and credit of the United States was the backstop. If there were any problems the debts would still be paid, and apparently the public has been in support of these GSE's for 70 years. It seems to me FnF did exactly what they were supposed to do in a CRISIS. Unfortunately they also made some bad choices aside frmo being hood winked by the banks and forced by the government to treat a mortgage like a charity. What wasn't expected however was that FnF were such stable and sound business models that would would actually be able to recover and return to profitbility so quickly and vigorously.
I think setlements will be reached, some face painting will be done to the GSE's and then its back to making money which is what America does best.
IMHO
I will gladly take sideways trading and low volume over a plummet :)
Thanks MH - I will check it out, but if there are capital requirements then it will be a goal rather than am immediate switch. I just finally reached my round trip requirements, so now I have something else to work towards. FNMA won't be the only winner in my long term trading goals over the next several years as I learn. For now I will just stick with what I have unless another opportunity like the one last week presents itself, which I missed because I was traveling.
Thanks again, and for what its worth I take interest in your posts and respect your pov.
- Frdm
Gee thanks ;)
I have heard that before come to think of it. At the risk of be laughed at, where do I get one?
MH -
Just curoius, how do you erconcile the 30% tax when flipping so often? You say to take profits but here is what I ran into when I did the math:
I could have sold my entire position at th 3.40 ish mark and bought back in now to actually make the extra shares out value the tax payment on my profits from the original sale. Anything below that only gains me a nominal number of share which I would have to sell at close to 7.00 to break even with the 30% tax on the origninal share, assuming I withhold the tax payment and not use it to buy back in. If I did spend the tax money when buying back in and the sp doesn't support it, then I could lose twice.
I am able to round trip sell/buy or buy/sell, but I have only seen one time where the risk would be worth the reward. For me .20 gain/drop is not enough to warrant a flip due to the tax.
If you have some helpfull info on this issue I would greatly appreciate it. Even a resource that I can use to gain a better understanding so I can increase my shares without adding any more of my own capital.
TIA - Frdm
Call ur broker?